Petronet LNG - Higher Inventory Valuations, Trading Margins Led To Expansion In Q3 Margins: Dolat Capital

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Dolat Capital Report

Petronet LNG Ltd. Q3 FY21 numbers were below our estimates on revenue front as some volumes moved from Dahej terminal to Dabhol terminal and results were above estimates on profitability front due to inventory gains, trading margins, higher utilisation and operating efficiency.

Revenue grew 17.5% QoQ and de-grew 17.8% YoY.

Operating profit declined 2% QoQ and grew 20.6% YoY, due to inventory gains, cost efficiencies and higher utilisation, and net profitability grew on account of higher other income

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